Reduction Agreed:
Public House in Preston, Hammer Properties managed to get the Valuation Office to agree a reduction from £28,000 to £27,000. In real terms this means the following saving will apply excluding any transitional relief (*) or Small Business Rates Relief (*) given by the local authority.
Year/Rate | £28,000 | £27,000 | Saving |
2010-11 41.4% | £11,592.00 | £11,178.00 | £414.00 |
2011-12 43.3% | £12,124.00 | £11,691.00 | £433.00 |
2012-13 45.8% | £12,824.00 | £12,366.00 | £458.00 |
2013-14 47.1% | £13,188.00 | £12,717.00 | £471.00 |
2014-15 (average 48.0%) | £13,440.00 | £12,960.00 | £480.00 |
2015-16 (average 49.0%) | £13,720.00 | £13,230.00 | £490.00 |
2016-17 (average 50.0%) | £14,000.00 | £13,500.00 | £500.00 |
TOTAL | £90,888.00 | £87,642.00 | £3,246.00 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14980398000
Want to see what we could do for you? Contact us using the following links:
Blog: https://hammerproperties.wordpress.com/contact-us/
Website: http://www.hammerproperties.co.uk/
Facebook: https://www.facebook.com/HammerPropertiesIlford
(*) What is Transitional Relief? See the following link: https://hammerproperties.wordpress.com/2013/12/04/what-is-transit/
(*) What is Small Business Rates Relief? See the following link: https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief
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